SYSCO CORP (SYY) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:SYY • US8718291078
Overall SYY gets a technical rating of 9 out of 10. Both in the recent history as in the last year, SYY has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that SYY is one of the better performing stocks in the market, outperforming 77% of all stocks.
- SYY is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month SYY has a been trading in the 73.99 - 87.35 range, which is quite wide. It is currently trading near the high of this range.
- SYY has an average volume of 3613710 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- SYY is part of the Consumer Staples Distribution & Retail industry. There are 38 other stocks in this industry, SYY did better than 67% of them.
Although SYY has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
69.05
5 important support areas can be observed.
- A support zone ranging from 78.56 to 80.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 75.63 to 76.74. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @73.97 from a horizontal line in the daily time frame.
- Support @71.47 from a horizontal line in the daily time frame.
- Support @69.75 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for SYY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SYY is up. |
| ChartMill Relative Strength | 77.59 | POSITIVE | SYY has a high relative strength, it outperformed 77.59% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SYY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SYY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SYY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 73.95 | OVERBOUGHT | The high RSI value suggests SYY may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.57 | POSITIVE | The MACD value suggests SYY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 92.79 | OVERBOUGHT | The high Stochastics value suggests SYY may be overbought. |
| Average True Range in percent/ATR (20) | 2.31 | MEDIUM VOLATILITY | The ATR as a percentage value for SYY suggests some volalility. |
| Average Directional Index/ADX (14) | 37.12 | POSITIVE | The high ADX value value for SYY suggests a strong trend. |
86.47
-0.06 (-0.07%)
SYSCO CORP / SYY FAQ
What is the ChartMill technical rating of SYSCO CORP (SYY) stock?
ChartMill assigns a technical rating of 9 / 10 to SYY.
What is the current trend direction of SYSCO CORP (SYY) stock?
The current trend direction for SYSCO CORP (SYY) is Bullish.
What is the RSI signal for SYY stock?
SYSCO CORP (SYY) has an RSI value of 73.9514. This indicates that the stock is currently overbought.
What is the MACD signal for SYSCO CORP (SYY) stock?
The MACD indicator for SYSCO CORP (SYY) has a value of 0.570532, indicating a bearish trend.
What is the buy/sell signal for SYY stock?
The buy/sell signal for SYSCO CORP (SYY) is buy as both the short term and long term trends are positive.